Cut That Tax Debt By A Third: How To Cancel Penalty And Interest Assessments

  • 01:00 PM ET | 12:10 PM CT | 10:00 AM PT | Duration: 120 Minutes
  • Product Code: WEB004
Contact Person Daniel J. Pilla
Qty
Add to Cart
Express Checkout
Refer To Friend

Webinar Instruction will be emailed on your registered email address 3 days prior to webinar | Web Download / e-Transcript will be shared in 7 working days from the date of webinar

Does your client qualify for a penalty abatement or a refund of paid penalties?

IRS penalties and interests increase the bill every day if your taxes are outstanding after the filing deadlin. Taxpayers are liable for the additional penalties and interests on the entire outstanding amount even if they have qualified for a tax debt payment plan and have started to make payments. These penalties can add as much as an additional 25% to a taxpayer’s IRS bill. Also, the federal agency charges an additional penalty of 5 per cent on taxes that have not been filed.

Penalty abatement is a technique that tax practitioners can utilize to help their clients reduce their tax debt or even entirely cancel penalties and interests they owe to the IRS. The trick is to convince the IRS that your client was unable to pay the taxes due to what the IRS tags a “reasonable cause.”

If a practitioner or taxpayer can justify that reasonable cause led to delay in tax payment, there are good chances that the IRS may forgive a portion or the entire penalty charged on your tax debt. Remember that IRS is softer on failure to pay penalties than failure to file penalties. The purpose of penalties and interests are to encourage and motivate taxpayers to pay their taxes on time and it must be considered as such.

Join this informative and insightful webinar with Our expert speaker Daniel J. Pilla. Daniel will provide you with some insider tips, practical steps and effective approaches to reduce or even totally cancel IRS tax penalties and interests. Learn about various types of penalties that you could face and the various forms and procedures used for requesting penalty and interest abatement, including First Time and Reasonable Cause abatement. And, learn about the procedure to follow when requesting refund of paid penalties and get handouts that you can utilize as a fast and easy reference tool while filing tax returns.

Session Highlights:

  • Various types of penalties:
  • Accuracy related
  • Fraud
  • Understatement of valuation
  • Reporting requirement
  • Failure to pay
  • Pay or deposit penalties
  • Rules on waiver of penalties and interests
  • Various forms and procedures for requesting relief
  • First Time Abatement: Requirements and procedures
  • How an individual taxpayer qualifies for Reasonable Cause abatement
  • Procedures for requesting refund of paid penalties
  • Available administrative options

Also Includes:

  • Live Q&A session with speaker
  • PowerPoint presentation for reference

Who Will Benefit:

  • CPAs
  • Tax Professionals
  • Attorneys
  • Enrolled agents
  • Finance professionals
  • Financial planners
1. Are your providing Online Continuing Education Credits?

We are approved to provide CPE/CE credits to Tax Professionals

  • IRS
  • NASBA
2. When are the continuing education credits reported to the IRS, HRCI, NASBA and other regulatory bodies ?

We reports the educational credits to the respective licensing/regulatory bodies in 5 business days.

3. What should I do if I can’t log my account?

The credentials to log into your account is your EMAIL ADDRESS & PASSWORD used during account creation.

  • If you’ve forgotten your password, please go to the login page and click on the ‘Forgot Password.’ Then enter your registered email id to receive the password reset email. Click on the link given in the email to enter your new password.
  • If the face any challenge, please reach out to us via email support@pro2learn.com or contact our support team through live chat support. Our support line is 1-937-865-8027.Our support team is available Monday to Friday from 09:00 AM – 06:00 PM EST/EDT
4. How can I view /access the courses that I have registered for?

When you register for any of our webinars/product, you receive will the instruction 24 hours prior to the conference. Also, the instructions are avilable in your account under ‘My Webinars’ section.

5. How can I cancel my registration?

You can cancel your registration to by email at support@pro2learn.com.  If you cancel your registration for the paid webinar, the amount shall be credited back in your payment method within 7 business days.

6. How can I download the learning materials/Handouts available for the webinars/Seminar?

The conference materials are available 4 hours prior to the webinar. You can download it from the webinar page or by logging to your account.

7. What are the system requirements to attend a live webinar?

Our seamlessly integrated with ZOOM, WebX and, Goto for delivering continuing education webinars. The system requirements are :

  • An internet connection – broadband wired or wireless
  • Speakers and a microphone – built-in, USB plug-in, or wireless Bluetooth
8. What are CPE Package Courses?

Our package courses are the bundles of various continuing education courses which have been specially designed to meet your continuing education requirements for a particular Qualification.

9. What is web download and transcript?
  • The web download is the recording of the webinar. You will receive a link to download and save the webinar on your computer and watch it anytime and multiple times.
  • The transcript is the detailed written material presented during the webinar.
10. What is an On demand session?

On demand session is when we conduct the webinar as per your available dates after the live training. You will get access to the training for 24 hours.

11. How do I access a previously purchased webinar, self-study course, Web Download, or package?

To access a course that you have already purchased, all you must have to create/log in to your account. Click on the "Log In" button in the top right of the screen. Once you are logged in, you will have immediate access to all your purchased CPE courses, packages and other self-service or you can write on support@pro2learn.com.

12. I took a webinar, where is my certificate?

We will email your certificate within 3 working days of the end of the webinar, or you can login your account at www.pro2learn.com. If you don’t receive the email within 3 working days of the end of the webinar, check your spam/junk folder. If it’s not there, we recommend that you send us an email at support@pro2learn.com or connect over the online chatroom.

Recommended Courses

Date Conferences Duration Price Buy
Jun 18, 2020 How To Get Tax Amnesty for your Client? Basics of Forgiveness of IRS Debt 120 min $149 Buy
Aug 13, 2020 How To Get Tax Amnesty for your Client? Basics of Forgiveness of IRS Debt 120 min $149 Buy
Sep 24, 2020 How To Get Tax Amnesty for your Client? Basics of Forgiveness of IRS Debt 120 min $149 Buy
Apr 15, 2021 American Rescue Act of 2021: What it Means for your Income Taxes 120 min $149 Buy
Jun 16, 2021 Cancelling IRS Penalty and Interest Assessments 120 min $149 Buy
Jul 21, 2021 Cancelling IRS Penalty and Interest Assessments 120 min $149 Buy
Apr 29, 2020 CARES COVID-19 relief act: What you and your business need to know 120 min $149 Buy
May 12, 2021 How To Get IRS Tax Amnesty - Eliminate IRS Tax Debt 120 min $149 Buy
Sep 01, 2021 Understand How To Get IRS Tax Amnesty - Eliminate IRS Tax Debt 120 min $149 Buy
Dec 07, 2022 Understand How To Get IRS Tax Amnesty - Eliminate IRS Tax Debt 100 min $159 Buy